Frank Sperandio, Jay Maiolini & Keith O'Dowd Acquire Office Property In Westchester County For $5.6M
334 Underhill Avenue, Yorktown Heights, New York 10598, United States
$5,600,000
$224/SF
Building Size
25,000 SF
Asset Type
Office
Closing
Apr 28, 2022
About this deal
AI
Located in Westchester County, the office property at 334 Underhill Ave. has been sold for a price of $5,600,000. The transaction took place on 04/29/2022 and involved a total area of 25,000 square feet. The property, sold by Bob Spaddacia and John Devito, was bought by Frank Sperandio, Jay Maiolini, and Keith O'Dowd. The sale price equates to approximately $224 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,600,000
- Square Footage: 25,000
- Address: 334 Underhill Ave.
- Market: Westchester County
Redwood Realty Advisors represented the buyers in this transaction. Sean Campbell, Michael Scrima, and Thomas Gorman, Jr. from Redwood Realty Advisors were the brokers responsible for the deal.
Notably, Sean Campbell is the person in charge of all retail and office sales for Redwood's New York office, specifically serving the lower Hudson Valley region.
On the Map
$5,600,000
$224/SF
Office
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Players
Yorktown Heights Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93